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Business

Mitsubishi Electric to train elevator technicians in Thailand

BANGKOK -- Mitsubishi Electric has established a training center in Thailand to instruct technicians on the installation and maintenance of elevators and other people-moving machines.

     The new 40 million baht ($1.2 million) center on the outskirts of Bangkok is one of the largest training facilities of its kind in Thailand, complete with six elevator cars and their associated motors, an escalator and other machinery. It also has a showroom.

     Mitsubishi Electric will use the center to train technicians from Thailand and other Southeast Asian countries, hoping to tap growing demand in the region for new elevators for developing skylines and replacement of aging elevators.

     The Japanese company has a leading 30% share of Thailand's elevator market. As of the end of 2014, it had cumulative sales of 15,000 elevators and a squad of roughly 300 technicians providing maintenance on around 12,000 of those. The company wants to train more technicians in order to provide maintenance on 16,000 elevators by 2020.

     Mitsubishi Electric is promoting sales more aggressively in Southeast Asia's less-developed countries like Laos and Myanmar. A new elevator factory in Thailand is set to begin operations in May 2016, increasing the company's production capacity by 50% to 20,000 elevators a year.

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